FEAS Yearbook FEAS Yearbook 2017 | Page 53

About DSE

Damascus Securities Exchange (DSE) was established based upon Decree number /55/ for the year 2006, enjoying a legal identity with financial and administrative autonomy. The Exchange activities are based upon the provisions of this law and based upon the law of the Syrian Commission on Financial Market and Securities number /22/ for the year 2005.

- The Exchange is a public institution. It is self financing although the setup cost and deficit are largely financed by Governmental loans. The intention is ultimately to transfer the Exchange into a shareholding company.

Overview

The index of Damascus Securities Exchange (DWX) is ranked first in terms of performance among all the Arab stock exchanges for the first ,third& fourth Quarterly of 2017,According to report of the Arab Federation of Exchanges (AFE) .

Also Damascus Securities Exchange has increased the number of trading sessions to become five trading sessions per week

Damascus Securities Exchange was established to facilitate the investment of financial resources. Adding to it, it was established to provide and facilitate the required capital to expand the economical activities by implementing an appropriate trading environment for the trading of securities. in 2018 DSE will continue focusing on some of the previous issues as well as trying to tackle new ones:

•Continue to attract more listed companies

•Launching new Indexes

•Develop internal processes and technology

•Develop human resources

•Promote the implementation of international best practices

Key Highlights of the year 2016 2017

Damascus Securities Exchange

About Damascus Securities Exchange

Established: 2009

Chairman: Mr. Mohammad Ghassan Qala’a

CEO: Dr. Abdul Razak Kasem

Address: Barza-Damascus- Syria

Contact Name: Mr. Osama Hasan

Email: [email protected]

Website: www.dse.sy

Yearbook 2017

Dr. Abdul Razak Kasem

CEO of Damascus Securities Exchange

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